Photo: Nath Jubril
Kaduna State government has disbursed N155 million as micro-credit loans to about 21,856 traders from 252 market associations in the state and called on the traders to make good use of the government assistance to them.
Governor Namadi Sambo, while issuing out cheques to the beneficiaries, disclosed that the state has concluded agreement with Access Bank to raise N1billion for the traders and with Unity Bank to also raise N1billion for farmers in the state.
Sambo, who described the state’s gesture to the traders as a poverty alleviation strategy, said the micro-credit delivery system is meant to provide immediate support to the productive sector of the state’s economy “so as to enhance their operational efficiency and eventually get such enhancement sustained.”
While congratulating the beneficiaries, Sambo urged them to judiciously use the facility by allowing it to be revolving thus paying back promptly to allow other people also participate in the scheme and restated his administration’s commitment to implementing poverty alleviation programmes targeted at the very poor in the society.
Governor Namadi Sambo, while issuing out cheques to the beneficiaries, disclosed that the state has concluded agreement with Access Bank to raise N1billion for the traders and with Unity Bank to also raise N1billion for farmers in the state.
Sambo, who described the state’s gesture to the traders as a poverty alleviation strategy, said the micro-credit delivery system is meant to provide immediate support to the productive sector of the state’s economy “so as to enhance their operational efficiency and eventually get such enhancement sustained.”
While congratulating the beneficiaries, Sambo urged them to judiciously use the facility by allowing it to be revolving thus paying back promptly to allow other people also participate in the scheme and restated his administration’s commitment to implementing poverty alleviation programmes targeted at the very poor in the society.
Sambo said, “You will recall that the first phase of the distribution of poverty alleviation materials carried out in November 2009, then about 4,950 persons benefited and very soon the second phase of the distribution of poverty alleviation materials will take place in Kachia Local Government Area and many more people are expected to benefit.
“This administration’s primary drive has been focusing on projects/programmes that touch the lives of the common man, positively making him have a sense of belonging. We are not unmindful of the harsh economic realities currently being experienced by our citizens thus posing a challenge to us to extend measures to cushion these difficulties and make life meaningful to our people. This we have identified and pursued from the inception of this administration to date.”
According to Sambo, “Today 252 associations from Sheikh Abubakar Gumi, Chechnya, Kafanchan, Sabongari, Zaria City, Tudun-Wada Zaria markets and the Central Union with a total of 21,856 members will benefit from a total loan package of N155 million through five micro-finance banks. Our support to the six market associations will also be extended to other markets in Kaduna State in the near future so that they could also benefit from the government’s good gesture in boosting their businesses,” he said.
“This administration’s primary drive has been focusing on projects/programmes that touch the lives of the common man, positively making him have a sense of belonging. We are not unmindful of the harsh economic realities currently being experienced by our citizens thus posing a challenge to us to extend measures to cushion these difficulties and make life meaningful to our people. This we have identified and pursued from the inception of this administration to date.”
According to Sambo, “Today 252 associations from Sheikh Abubakar Gumi, Chechnya, Kafanchan, Sabongari, Zaria City, Tudun-Wada Zaria markets and the Central Union with a total of 21,856 members will benefit from a total loan package of N155 million through five micro-finance banks. Our support to the six market associations will also be extended to other markets in Kaduna State in the near future so that they could also benefit from the government’s good gesture in boosting their businesses,” he said.
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